Current:Home > InvestWhat does the Adani Group's crash mean for India's economy? -AssetPath
What does the Adani Group's crash mean for India's economy?
View
Date:2025-04-24 17:26:21
Gautam Adani was recently one of the top ten richest people in the world. But, after a scathing report came out last month alleging him and his companies of wide-scale fraud, market manipulation and corruption, he has lost billions, and is no longer the richest person in Asia - or India.
What can this report from American firm Hindenburg Research and the events of the past two weeks tell us about the Indian business and financial environment?
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (12)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Jana Kramer says she removed video of daughter because of online 'sickos'
- Vermont college chapel renamed over eugenics link can keep new title, judge says
- Everything you need to know about charging your EV on the road
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- What does Hurricane Milton look like from space? NASA shares video of storm near Florida
- How FEMA misinformation brought criticism down on social media royalty 'Mama Tot'
- 5 must-know tips for getting a text, call through after a big storm: video tutorial
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Beyoncé Channels Marilyn Monroe in Bombshell Look at Glamour's Women of the Year Ceremony
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- IPYE: Balancing Risks and Returns in Cryptocurrency Investment
- The Latest: Hurricane Milton threatens to overshadow presidential campaigning
- Turkish Airlines flight makes emergency landing in New York after pilot dies
- Meta releases AI model to enhance Metaverse experience
- Ethel Kennedy, widow of Robert F. Kennedy, suffers stroke
- Judge tosses a New York law that moved many local elections to even-numbered years
- Voters in the US don’t directly elect the president. Sometimes that can undermine the popular will
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Michigan Woman Eaten by Shark on Vacation in Indonesia
Their mom survived the hurricane, but the aftermath took her life
As schools ban mobile phones, parents seek a 'safe' option for kids
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
'Big Little Lies' back with original author for Season 3, Reese Witherspoon says
Costco stores selling out of gold bars, survey finds
Sandra Bullock Makes Rare Red Carpet Appearance With Keanu Reeves for Speed Reunion